Super Happy Wing Limited

Super Happy Wing Limited

SUPER HAPPY WING LIMITED - Company Information

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1 August 2019 false No description of principal activity Taxfiler 2021.2.1 10478842business:PrivateLimitedCompanyLtd2019-08-012020-07-31 104788422019-07-31 104788422019-08-012020-07-31 10478842business:AuditExempt-NoAccountantsReport2019-08-012020-07-31 10478842business:FullAccounts2019-08-012020-07-31 104788422020-07-31 10478842business:Director12019-08-012020-07-31 10478842business:Director22019-08-012020-07-31 10478842business:RegisteredOffice2019-08-012020-07-31 104788422019-07-31 10478842core:WithinOneYear2020-07-31 10478842core:WithinOneYear2019-07-31 10478842core:AfterOneYear2020-07-31 10478842core:AfterOneYear2019-07-31 10478842core:ShareCapital2020-07-31 10478842core:ShareCapital2019-07-31 10478842core:RetainedEarningsAccumulatedLosses2020-07-31 10478842core:RetainedEarningsAccumulatedLosses2019-07-31 10478842business:SmallEntities2019-08-012020-07-31 10478842countries:EnglandWales2019-08-012020-07-31 10478842core:LandBuildings2019-08-012020-07-31 10478842core:MotorVehicles2019-08-012020-07-31 10478842core:FurnitureFittings2019-08-012020-07-31 10478842core:Goodwill2019-07-31 10478842core:Goodwill2019-08-012020-07-31 10478842core:Goodwill2020-07-31 10478842core:LandBuildings2019-07-31 10478842core:MotorVehicles2019-07-31 10478842core:FurnitureFittings2019-07-31 10478842core:LandBuildings2020-07-31 10478842core:MotorVehicles2020-07-31 10478842core:FurnitureFittings2020-07-31 10478842core:AfterOneYear2019-08-012020-07-31 10478842business:OrdinaryShareClass12019-08-012020-07-31 10478842business:OrdinaryShareClass12018-08-012019-07-31 10478842business:OrdinaryShareClass22019-08-012020-07-31 10478842business:OrdinaryShareClass22018-08-012019-07-31 10478842business:AllOrdinaryShares2019-08-012020-07-31 10478842business:AllOrdinaryShares2018-08-012019-07-31 104788422018-08-012019-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10478842 (England and Wales)
Super Happy Wing Limited Unaudited accounts for the year ended 31 July 2020
Super Happy Wing Limited Unaudited accounts Contents
Page
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Super Happy Wing Limited Company Information for the year ended 31 July 2020
Directors
Wing Yap Jia Chai
Company Number
10478842 (England and Wales)
Registered Office
19 HAVELOCK ROAD SOUTHSEA PO5 1RU UNITED KINGDOM
Accountants
K3 Accountants Limited Barnwood Trampers Lane North Boarhunt Hampshire PO17 6DG
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Super Happy Wing Limited Statement of financial position as at 31 July 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,498,021 
316,864 
Tangible assets
5
657,176 
661,667 
2,155,197 
978,531 
Current assets
Inventories
6
170,000 
52,000 
Debtors
7
367,665 
191,709 
Cash at bank and in hand
214,248 
283,475 
751,913 
527,184 
Creditors: amounts falling due within one year
8
(877,864)
(427,979)
Net current (liabilities)/assets
(125,951)
99,205 
Total assets less current liabilities
2,029,246 
1,077,736 
Creditors: amounts falling due after more than one year
9
(1,616,051)
(904,418)
Net assets
413,195 
173,318 
Capital and reserves
Called up share capital
10
1 
1 
Profit and loss account
413,194 
173,317 
Shareholders' funds
413,195 
173,318 
For the year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2021 and were signed on its behalf by
Wing Yap Director Company Registration No. 10478842
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Super Happy Wing Limited Notes to the Accounts for the year ended 31 July 2020
1
Statutory information
Super Happy Wing Limited is a private company, limited by shares, registered in England and Wales, registration number 10478842. The registered office is 19 HAVELOCK ROAD, SOUTHSEA, PO5 1RU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2019
391,997 
Additions
1,241,040 
At 31 July 2020
1,633,037 
Amortisation
At 1 August 2019
75,133 
Charge for the year
59,883 
At 31 July 2020
135,016 
Net book value
At 31 July 2020
1,498,021 
At 31 July 2019
316,864 
Goodwill is capitalised and is being amortised over its useful life of 10 years.
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Super Happy Wing Limited Notes to the Accounts for the year ended 31 July 2020
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2019
672,520 
15,454 
7,000 
694,974 
At 31 July 2020
672,520 
15,454 
7,000 
694,974 
Depreciation
At 1 August 2019
26,901 
3,606 
2,800 
33,307 
Charge for the year
- 
3,091 
1,400 
4,491 
At 31 July 2020
26,901 
6,697 
4,200 
37,798 
Net book value
At 31 July 2020
645,619 
8,757 
2,800 
657,176 
At 31 July 2019
645,619 
11,848 
4,200 
661,667 
6
Inventories
2020 
2019 
£ 
£ 
Finished goods
170,000 
52,000 
170,000 
52,000 
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
7
Debtors
2020 
2019 
£ 
£ 
Less than one year
VAT
72,455 
- 
Trade debtors
267,877 
134,968 
Accrued income and prepayments
27,333 
40,481 
Other debtors
- 
16,260 
Total debtors less than one year
367,665 
191,709 
Greater than one year
Total debtors
367,665 
191,709 
8
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
99,540 
38,424 
Trade creditors
295,907 
114,373 
Taxes and social security
122,711 
43,526 
Other creditors
- 
22,544 
Loans from directors
359,706 
209,112 
877,864 
427,979 
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Super Happy Wing Limited Notes to the Accounts for the year ended 31 July 2020
9
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
1,616,051 
904,418 
The bank loan is secured by a fixed and floating charge over the company's assets. (floating charge covers all property or undertaking of the company).
10
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
1 "A" Ordinary shares of £0.50 each
0.50 
0.50 
1 "A" Ordinary shares of £0.50 each
0.50 
0.50 
1.00 
1.00 
11
Average number of employees
During the year the average number of employees was 7 (2019: 4).
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